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Japan: Expect QQE in BoJ’s October meeting - SocGen

FXStreet (Delhi) – Takuji Aida, Research Analyst at Societe Generale, expects BoJ to implement additional QQE measures in its upcoming October meeting.

Key Quotes

“Despite the BoJ’s commitment to a 2% price stability target, inflationary pressure has stalled due to the decline in oil prices and sluggish demand after the consumption tax (CT) hike.”

“If the market and corporates grow disappointed about the commitment to achieve the 2% price stability target, economic sentiment may deteriorate and there will be no driving force to propel an exit from deflation. This could be a major risk to the Japanese economy.”

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